Bank of America doubles down on 3% down mortgages without insurance 

Earlier this year, Bank of America, in partnership with Freddie Mac and Self-Help Ventures Fund, began offering mortgages that only required consumers to put down 3% and did not require the consumers to obtain mortgage insurance either. Bank of America said Thursday that the “Affordable Loan Solution” program is proving so successful in its first few months that the bank is doubling its annual commitment to the program – from $500 million to $1 billion.